SBI Large Cap Fund slips to ₹102.85; ICICI Bank and HDFC Bank hold 16.68% combined
Varda Khade
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Last Updated: 8th September 2026 - 12:37 pm
Key Takeaways
- The NAV declined 0.47% to ₹102.85.
- Three- and five-year returns were 9.34% and 9.55%.
- ICICI Bank and HDFC Bank together represented 16.68%.
- Fund size stood at ₹55,431 crore.
SBI Large Cap Fund – Direct Growth, formerly SBI Bluechip Fund, closed at ₹102.85 on 7 September 2026. The NAV fell 0.47%.
The one-year return was 0.95%.
Its three-year annualised return stood at 9.34%, while the five-year number was 9.55%. The difference between the two was only 0.21 percentage points.
The fund managed ₹55,431 crore in assets.
ICICI Bank had the largest disclosed portfolio weight at 8.51%. HDFC Bank was close behind at 8.17%.
Together, the two banks accounted for 16.68%.
Reliance Industries made up 5.43%, Larsen & Toubro 5.26% and Asian Paints 3.67%. All five positions together represented 31.04%.
Beta stood at 0.98. Standard deviation was 3.93, alpha 4.61 and the Sharpe ratio 0.44.
The Direct Growth expense ratio was 0.88%.
The minimum SIP stood at ₹500. The minimum lump-sum investment was ₹5,000.
The exit-load structure had two bands. Redemptions within 30 days attract a 0.25% load. From after 30 days through 90 days, the load is 0.10%. It becomes nil after 90 days.
The closeness of the three- and five-year returns is one of the more unusual numbers in the fund data. Most of the small- and mid-cap schemes in the set showed wider gaps across those periods.
The two largest disclosed holdings were also both private-sector banks, together making up more than one-sixth of the portfolio.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully.
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